Bioelectronics Corp (BIEL)

[4toSchool]

KT Health could have been a client years ago, but AW kicked them out of his office. Andy also told Bayer (Dr. Scholl’s) "no deal", he pulled the ActiPatch from OTC in the UK even as it was getting traction.

"but the positives are the focus now, as they will lead investors where they hoped to go for all these years. How many shares was that? 41 billion? Lmfao. "

As BIEL becomes more valuable, 2/3rds of the positive is working in the favor of the Whelan family.

Why are 41 billion shares funny?

The Whelan family came close to bankrupting BIEL through some of the following well-known reasons?

EVIDENCE THAT ANDY NEARLY BANKRUPTED BIEL:

1. Andy had an FDA cleared device all the way back to 2003, two more added in 2017, another in 2019, yet we’ve had declining sales figures year-over-year for at least the past 4-years, and are now just turning around.

2. Andy announced deals with CVS, B.Braun, Boots, KT Tape, Dr. Scholl's, Protex, and then killed them, or never closed them.

3. Andy allowed the CE Mark to expired costing years of lost sales.

4. Andy sold ActiPatch products before their FDA approval, until the FDA shut him down. Remember in 2011 when ActiPatch was featured on the Dr. Oz Show and sales went through the roof? Well, at least they did until the cease and desist letter arrived at BIEL HQ.

5. Andy fell for the Joe Noel & Company scam

6. While Andy was CEO, as far back as IHUB reports, BIEL’s PPS peaked at $1.05 on April 13, 2004. Under the Whelan Family’s management, shares of BIEL have lost 99.7% of its value through 4-28-2021.

7. Andy allowed the Whelan family to take advantage of BIEL shareholders.

8. EXAMPLE #1. Andy gave Kelly "ill-gotten gains" Whelan the Canadian territory. She produced nearly zero revenue for Bioelectronics, yet she is now in charge of the entire company.

9. EXAMPLE #2. Andy gave HealFast Therapy for Pets to the Whelan family. That product line has produced close to nothing for BIEL.

10. EXAMPLE #3. Either KW screwed her dad and BIEL over, worked in collusion with him to have all BIEL assets put up for collateral to her IBEX, LLC, or Andy violated his fiduciary responsibility to BIEL in allowing it to happen. There was no need for Andy to collateralize all BIEL assets to his daughter who served as merely a money conduit, and a self-named “friendly lender”.

11. SEC judged that the Whelan’s were guilty of insider dealings and that their family pocketed millions of dollars in what the SEC labeled ill-gotten gains. Read SEC documents here . What success could BIEL have achieved if the $4,643,462.70 of SEC deemed "ill-gotten gains" had been used for sales and marketing of BIEL products, and not moved to the Whelan family?

12. Andy refused to allow others to speak into the management of BIEL. He often operated BIEL with fewer Directors as are required in the Bylaws of BioElectronics Corporation.

13. Andy violated the corporate bylaws by refusing to facilitate BIEL shareholders electing the board of directors members as is prescribed in the corporate by-laws.

14. Andy had no succession plan.

Patricia and Kelly appointed themselves as Chairman of the Board and CEO, respectively, but have not provided any evidence that they controlled more than 50% of the OS at the time of their takeover, and under their leadership, and subsequently, that of Dr. Staelin and Keith Nalepka, they've continued Andy's belligerence of blocking shareholders right to vote on the board of directors.

15. Andy wasn’t a good mentor to our current self-appointed CEO as she has shown similar disgust towards BIEL shareholders. Evidence, BIEL needs more investors, not less. Yet when asked "how will stockholders be treated from this day forward?" Kelly’s answer is consistent and clear

"Pick a phone up & call me. 301 874 4890. This is what I’ll tell you. I’m not surrendering shares & I’m not hiring a new CEO. Don’t like how the Company is managed? Sell your shares. No one made you invest & no one is making you stay." #nanecallingisjuvenile #upfront #likeitis

16. Whelan's operate with little, or no transparency and too often with twisted truth, see her tweet to the stockholders that ask her for more transparency of her dealings

"BIEL is not an SEC reporting company, it trades on the OTC market. "